https://www.taxtmi.com/caselaws?id=103829 The court granted relief to the petitioner, a former company secretary, from prosecution under section 233B of the Companies Act, 1956. The court considered the company's challenges during a prolonged lock-out period and delays in accepting the petitioner's resignation. Given past exemptions for the company from cost audits due to operational difficulties, the court agreed that the petitioner should also be exempted. Emphasizing the lack of liability post-resignation, the court allowed the petition, relieving the petitioner from prosecution without awarding costs. en-us Fri, 07 Feb 1997 00:00:00 +0530 Fri, 24 Feb 2012 17:20:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103829 The court granted relief to the petitioner, a former company secretary, from prosecution under section 233B of the Companies Act, 1956. The court considered the company's challenges during a prolonged lock-out period and delays in accepting the petitioner's resignation. Given past exemptions for the company from cost audits due to operational difficulties, the court agreed that the petitioner should also be exempted. Emphasizing the lack of liability post-resignation, the court allowed the petition, relieving the petitioner from prosecution without awarding costs. Case-Laws Companies Law Fri, 07 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103829